The Seeking Alpha article is causing the sharp decline. The author admits he has a short position, and he's smiling all the way to the bank. This is creating a buying opportunity soon. I suspect the big boys are taking advantage, since there have been nearly 14 million shares purchased already. The question is: where is the new bottom?
There are no "Fundamentals" with ONVO. Either you choose to bet on its long-term success or you don't. There is no company news that can be digested. What is happening today is pure speculation and, admittedly, some profit taking.
Maybe he could be sued for misleading investors with erroneous information - such as the number of test trials necessary to determine if a potential drug is effective, too toxic, etc. He (Pearson) essentially declared that only a single trial is adequate which basically doesn't come close to the truth unless a drug is "outside the 95% degree of predictability."
The available ONVO revenue projections indicate the price was way out of line. Thought shorting this morning would be a good idea for a couple days, but nothing available. In the very, very long term the technology may produce amazing stuff, but not much actionable in the next few years.
I would not give him that much credit. Today was going to be a sell off. This thing went into orbit for a while. Look at this way....it is building a new base around $10 and giving everybody a new entry.
Now if you are trading then yah this sucks, but if you are investing. Enjoy.